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Replenishment of working capital from foreign markets

Replenishment of working capital from foreign markets

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Wish to replenish the fixed assets of your business from foreign markets, but the funds you have are insufficient? Make use of the business loan “for replenishment of working capital from foreign markets” offered by ARARATBANK.

  • Minimum amount

    Up to USD 10 000 or equivalent EUR

  • Currency

    AMD, EUR

Terms and conditions
Purpose of loan Acquisition of working assets from local and international markets (suppliers)
Lending Non-cash
Amount of loan Up to USD 10 000 or equivalent EUR
Loan maturity

Up to 18 months. Minimum annual interest rate of 6.75% shall be accrued over the outstanding loan amount between 1 and 12 months inclusive and 9% over the outstanding loan amount between 13 and 18 months inclusive.   

Loan and interest repayment mode With the right of interest repayment only between 1 and 6 months inclusive and even repayment of the principle amount between 7 and 18 months inclusive. 
Type of interest accrual On the loan balance, accepting year as 360 days
Loan collateral Movable or immovable property. Collateral evaluation is made and rates are set by the independent licensed evaluating companies.
Penalty on past-due interest  0.07% daily
Penalty on past-due principle    0.06% daily
Rate for not applying early repayment charge 0.25% of loan amount 
Commission fee to make and maintain the loan package (to be charged from loan amount) In case of confirming RCA limit (approved limit in US dollars), 0.75% of the limit, maximal AMD 300 000
Required Documents (Micro and Small Business)

Private entrepreneurs

DOCUMENTS REQUIRED FOR THE ANALYSIS OF THE LEGAL STATUS AND FINANCIAL POSITION

  1. Loan application;
  2. Copies of founding documents — state registration certificate, tax code;
  3. Copies of the passport and social security card;
  4. Financial statements for the previous reporting period, VAT, social payments, income tax, (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
  5. Statement issued by tax authority on outstanding liabilities towards budget, (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
  6. Copy of license, upon carrying out an activity subject to licensing in cases stipulated by the legislation of the Republic of Armenia.

IN CASE LOAN IS SECURED BY GUARANTEE

  1. Copies of the passports and social security cards of the guarantors;
  2. Employment reference, provided that a guarantor’s income is not generated from entrepreneurial activity and/or the guarantor is not a family

 IN CASE REAL PROPERTY IS PLEDGED

  1. Ownership certificate (original);
  2. Grounding document on the right of ownership (upon request);
  3. Copies of ID documents of the owner (co-owners), (marriage certificate of co-owners);
  4. Statement issued by territorial subdivision of the State Committee of Real Estate Cadastre under the Government of the Republic of Armenia regarding restrictions on the property to be pledged (such statement shall be provided upon positive lending decision);
  5. Appraisal report made by a person holding a respective

IN CASE OTHER COLLATERAL IS PLEDGED

  1. List of property, by specifying the unit of measure, quantity, balance sheet value and, upon availability, acquisition documents;
  2. In case of the vehicle, vehicle registration document and certificate of title (original copy);
  3. In case of guarantee, guarantors’ passports and social security cards;
  4. Appraisal report made by a person holding a respective license (upon request).

LIST OF REQUIRED DOCUMENTS FROM REPEATED MICRO LOAN BORROWERS WITHIN THE FRAMEWORK OF MASTER LOAN CONTRACT

  1. Financial statements for the previous reporting period, VAT, social payments, income tax (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
  2. Statement issued by tax authority on outstanding liabilities towards budget (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);

Other additional documents upon

A customer must submit original copies of the documents above or duly verified copies thereof.

Legal entities

DOCUMENTS REQUIRED FOR THE ANALYSIS OF THE LEGAL STATUS AND FINANCIAL POSITION

  1. Loan application;
  2. Decision of the authorised body on loan disbursement and pledge of property;
  3. Copies of founding documents — Charter with all amendments and supplements to be made thereto, State registration certificate with its inserts, including the insert on the information about director of the company, tax code;
  4. Statement issued by State registry on the amendments to the Charter, Director and shareholders, including a statement issued by Central Depository (registry keeper) for open joint stock company and a statement issued by shareholder registry keeper for closed joint stock company;
  5. Copies of the passport and social security card of Director and the shareholders with a stake exceeding 25%;
  6. Financial statements for the previous reporting period, VAT, social payments, income tax (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
  7. Statement issued by tax authority on outstanding liabilities towards budget (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
  8. Copy of license, upon carrying out an activity subject to licensing in cases stipulated by the legislation of the Republic of Armenia

IN CASE REAL PROPERTY IS PLEDGED

  1. Ownership certificate (original);
  2. Grounding document on the right of ownership (upon request);
  3. Copies of ID documents of the owner (co-owners), (marriage certificate of co-owners);
  4. Statement issued by territorial subdivision of the State Committee of Real Estate Cadastre under the Government of the Republic of Armenia regarding restrictions on the property to be pledged (such statement shall be provided upon positive lending decision);
  5. Appraisal report made by a person holding a respective

 IN CASE OTHER COLLATERAL IS PLEDGED

  1. List of property, by specifying the unit of measure, quantity, balance sheet value and, upon availability, acquisition documents;
  2. In case of the vehicle, vehicle registration document and certificate of title (original copy);
  3. In case of guarantee, guarantors’ passports and social security cards;
  4. Appraisal report made by a person holding a respective license (upon request).

OTHER ADDITIONAL DOCUMENTS THE NECESSITY OF WHICH IS DETERMINED BY THE BANK

  1. The Bank may require to have the loan security insured against the risks of loss and damage and submit necessary documents related thereto;
  2. Other additional documents upon

LIST OF REQUIRED DOCUMENTS FROM REPEATED MICRO LOAN BORROWERS WITHIN THE FRAMEWORK OF MASTER LOAN CONTRACT

  1. Loan application;
  2. Decision of the authorised body on loan disbursement and pledge of property;
  3. Financial statements for the previous reporting period, VAT, social payments, income tax (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
  4. Statement issued by tax authority on outstanding liabilities towards budget (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);

Other additional documents upon

A customer must submit original copies of the documents above or duly verified copies thereof.

Required Documents (Medium and Large Business)

DOCUMENTS REQUIRED FOR THE ANALYSIS OF THE LEGAL STATUS AND FINANCIAL POSITION

  1. Loan application;
  2. Decision of the authorised body on loan disbursement and pledge of property;
  3. Copies of founding documents — Charter with all amendments and supplements to be made thereto, State registration certificate with its inserts, including the insert on the information about director of the company, tax code;
  4. Statement issued by State registry on the amendments to the Charter, director and shareholders, including a statement issued by Central Depository (registry keeper) for open joint stock company and a statement issued by shareholder registry keeper for closed joint stock company;
  5. Copies of the passport and social security card of Director and the shareholders with a stake exceeding 25%;
  6. Written declaration on owners, shareholders and affiliated persons — first and last names (title), business and legal addresses, all types of entrepreneurial activity. In the sense of the present procedure, persons stipulated by Article 8 of the Law of the Republic of Armenia "On Banks and Banking" shall be considered related persons.
  7. Copies of the required documents enabling to carry out activity in the given field, such as licenses, certificates ,
  8. Statement issued by territorial tax inspectorate on outstanding liabilities towards budget (upon request);
  9. Statement on accounts receivable and accounts payable (detailed breakdown thereof upon request);
  10. List of fixed assets with balance value, balance of inventory, such as raw material, other materials and finished products (upon request);
  11. Financial statements for the previous reporting period, VAT, social payments, income tax;
  12. Statements on the turnover of bank account within the past 12 months upon availability of accounts in other banks;
  13. Effective contracts and agreements on sale, supply, lease etc., as well as invoices for import and export
  1. The most recent inspection act by territorial tax inspectorate or auditor opinion (upon request).

IN CASE REAL PROPERTY IS PLEDGED

  1. Ownership certificate (original);
  2. Grounding document on the right of ownership (upon request);
  3. In case pledging the property of a third party, copies of founding documents — Charter with all amendments and supplements to be made thereto, State registration certificate with its inserts, including the insert on the information about director of the company, tax code and decision of the authorised body on pledge of property;
  4. Statement issued by territorial subdivision of the State Committee of Real Estate Cadastre under the Government of the Republic of Armenia regarding restrictions on the property to be pledged (such statement shall be provided upon positive lending decision);
  5. Appraisal report made by a person holding a respective

IN CASE OTHER COLLATERAL IS PLEDGED

  1. List of property, by specifying the unit of measure, quantity, balance sheet value and acquisition documents;
  2. In case of the vehicle, vehicle registration document and certificate of title (original copy);
  3. In case pledging the property of a third party, copies of founding documents — Charter with all amendments and supplements to be made thereto, State registration certificate with its inserts, including the insert on the information about director of the company, tax code and decision of the authorised body on pledge of property;
  4. Appraisal report made by a person holding a respective license (upon request).

OTHER ADDITIONAL DOCUMENTS THE NECESSITY OF WHICH IS DETERMINED BY THE BANK

  1. The Bank may require to have the loan security insured against the risks of loss and damage and submit necessary documents related thereto;
  2. Other additional documents upon

LIST OF REQUIRED DOCUMENTS FROM REPEATED BORROWERS WITHIN THE FRAMEWORK OF MASTER LOAN CONTRACT

  1. Loan application;
  2. Decision of the authorised body on loan disbursement and pledge of property;
  3. Statement by the borrower on amendments to the Charter, Director and shareholders;
  4. Statement on accounts receivable and accounts payable (upon request);
  5. Financial statements for the previous reporting period, VAT, social payments, income tax

Other additional documents upon

A customer must submit original copies of the documents above or duly verified copies thereof.

Important to know
  • RCA under TFP programme, including where the loans are disbursed in tranches, no loan file preparation and service fee shall be charged
  • Preterm repayment of loan without paying penalties. 
  • Loan decision is made within 3 business days after the loan application has been submitted, if the loan amount does not exceed foreign currency equivalent to AMD 8 000 000.

Decision on loan disbursement in foreign currency equivalent to up to AMD 35 000 000 is made within 5 business day.
Decision on loan disbursement in foreign currency equivalent to more than AMD 35 000 000 is made within 15 business days. 

  • After the authorized body has made a decision on the loan the borrower shall be notified about it within one day. The required documents shall be collected and the loan shall be disbursed within 10 days if the loan amount in foreign currency totals up to AMD 35 000 000 equivalent currency and within 15 days if the loan amount in foreign currency exceeds AMD 35 000 000 equivalent currency. If the loan is not disbursed within the mentioned period the decision made by the authorized body shall be deemed as void and shall be presented to the authorized body for a second discussion in case the loan application is subject to review.
  • In case the loan is extended in US dollars, changes in foreign currency exchange rate may influence the loan repayments.

Loan amount

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Annual interest rate

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Financial assistant
ABC finance

Page updated 18.03.2019 | 11:43

In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.